"Norilsk Nickel" promises to strengthen the copper market in 2015.

In their forecast on future copper market the analysts of MMC "Norilsk Nickel" state that copper was under pressure throughout 2014. The negative trend was mainly due to the concerns of investors over a slowdown in the Chinese economy, as well as the emergence of market expectations of a significant surplus of copper caused by the design capacity of new large projects in South America, Africa and Asia. Strengthening of the US dollar relative to the "commodity" currencies increased the negative trend, confirming the stability of the inverse correlation between the US dollar index (DXY) and the price of copper. Finally, falling oil prices triggered a withdrawal of investors from passive commodity funds, which was an additional negative factor in the price of the red metal. In early 2015 the price of copper continued to decrease under the influence of heightened concerns about the level of demand from China and the strengthening of the US dollar.